It's a better present than a free toy in a Happy Meal. McDonald's (NYSE:MCD) has bumped its dividend, declaring a quarterly common stock distribution of $0.81 per share. This will be dispensed on Dec. 16 to shareholders of record as of Dec. 2. That amount is $0.04, or 5%, higher than each of the fast food giant's preceding four payouts of $0.77 per share.

In the press release announcing the news, the company pointed out that it has raised its dividend every year since first paying a distribution in 1976.

The new dividend annualizes to $3.24 per share. That yields 3.3% at McDonald's most recent closing stock price of $98.70.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends and owns shares of McDonald's. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.